The European Investment Bank (EIB) is lending €50m to Piraeus Bank Romania to finance permanent working capital increases, as well as projects of small and medium-sized enterprises (SMEs) in Romania.
This loan is specifically designed to support projects promoted by SMEs in the areas of industry, services including tourism, agriculture, health, energy, environmental protection and development of a knowledge-based economy, under more accessible and attractive lending conditions.
It is also aimed at reducing the impact of the current economic crisis by improving access to medium and long-term funds on advantageous financial terms.
To these ends the EIB has simplified the procedures and is broadening the scope of its financing by also covering intangible types of investment and working capital.
FinSMEs
26/01/2010